Chance Of Recession In 2024. Some experts predict high interest rates will take a toll on the economy, making a recession likely sometime next year. That’s almost a percentage point higher than fed officials’.

For many americans, 2023 was a hard year financially, but will what’s coming be better or worse? She thinks there’s a 65% chance of a mild recession in 2024 and predicts the unemployment rate will rise to 5% by the third quarter.